MFS Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The Fund invests, under normal market conditions, approximately 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds. These municipal bonds include debt securities issued by or on behalf of states, territories, possessions of the United States, District of Columbia, and their political subdivisions, agencies or instrumentalities. The Fund invests in industries, including healthcare, tobacco, water and sewer utility, universities-colleges and universities-secondary schools. It has investments in areas, including Alabama, Alaska, Arizona, California, Colorado and Florida. The Fund's investment advisor is Massachusetts Financial Services Company (MFS).
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Closed End Funds
- Sub-Industry: N/A
- Symbol: NYSE:MFM
- CUSIP: N/A
- Web: N/A
Average Prices:- 50 Day Moving Avg: $7.24
- 200 Day Moving Avg: $7.13
- 52 Week Range: $6.51 - $7.49
P/E:- Trailing P/E Ratio: N/A
- P/E Growth: 0.00
Dividend:- Annual Dividend: $0.38
- Dividend Yield: 5.3%
Misc:- Average Volume: 62,931 shs.
- Beta: 0.04
Frequently Asked Questions for MFS Municipal Income Trust (NYSE:MFM)
What is MFS Municipal Income Trust's stock symbol?
MFS Municipal Income Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "MFM."
How often does MFS Municipal Income Trust pay dividends? What is the dividend yield for MFS Municipal Income Trust?
MFS Municipal Income Trust declared a monthly dividend on Tuesday, September 5th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.0325 per share on Friday, September 29th. This represents a $0.39 annualized dividend and a dividend yield of 5.40%. The ex-dividend date is Tuesday, September 12th. View MFS Municipal Income Trust's Dividend History.
Who are some of MFS Municipal Income Trust's key competitors?
Some companies that are related to MFS Municipal Income Trust include PennantPark Investment Corporation (PNNT), BlackRock Capital Investment Corporation (BKCC), PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL), Fidus Investment Corporation (FDUS), Eagle Point Credit Company (ECC), TICC Capital Corp. (TICC), Medley Capital Corporation (MCC), Gladstone Investment Corporation (GAIN), THL Credit (TCRD), WhiteHorse Finance (WHF), Solar Senior Capital (SUNS), Fifth Street Senior Floating Rate Corp. (FSFR), Gladstone Capital Corporation (GLAD), Invesco Bond Fund (VBF), Stellus Capital Investment Corporation (SCM), TriplePoint Venture Growth BDC Corp. (TPVG) and OFS Capital Corporation (OFS).
Who are MFS Municipal Income Trust's key executives?
MFS Municipal Income Trust's management team includes the folowing people:
- David H. Gunning, Independent Chairman of the Board of Trustees
- Robin A. Stelmach, President and Trustee
- Martin J. Wolin, Chief Compliance Officer
- David L. DiLorenzo, Treasurer
- James O. Yost, Deputy Treasurer
- Kino Clark, Assistant Treasurer
- Kenneth Paek, Assistant Treasurer
- Kasey L. Philips, Assistant Treasurer
- Frank L. Tarantino, Independent Senior Officer
- Mark N. Polebaum, Secretary and Clerk
Who owns MFS Municipal Income Trust stock?
MFS Municipal Income Trust's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Wells Fargo & Company MN (2.37%), Laurion Capital Management LP (0.43%), Ameriprise Financial Inc. (0.35%), Van ECK Associates Corp (0.24%), Cutter & CO Brokerage Inc. (0.21%) and Traynor Capital Management Inc. (0.00%). View Institutional Ownership Trends for MFS Municipal Income Trust.
Who sold MFS Municipal Income Trust stock? Who is selling MFS Municipal Income Trust stock?
Who bought MFS Municipal Income Trust stock? Who is buying MFS Municipal Income Trust stock?
MFS Municipal Income Trust's stock was bought by a variety of institutional investors in the last quarter, including Laurion Capital Management LP, Ameriprise Financial Inc., Raymond James Financial Services Advisors Inc., Traynor Capital Management Inc., Van ECK Associates Corp, Wedbush Securities Inc., Private Advisor Group LLC and Royal Bank of Canada. View Insider Buying and Selling for MFS Municipal Income Trust.
How do I buy MFS Municipal Income Trust stock?
Shares of MFS Municipal Income Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is MFS Municipal Income Trust's stock price today?
One share of MFS Municipal Income Trust stock can currently be purchased for approximately $7.22.
MarketBeat Community Rating for MFS Municipal Income Trust (NYSE MFM)MarketBeat's community ratings are surveys of what our community members think about MFS Municipal Income Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for MFS Municipal Income Trust (NYSE:MFM) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | No ratings tracked in the last 12 months. |
| Consensus Rating: | N/A (Score: NaN) |
| Consensus Price Target: | N/A |
Analysts' Ratings History for MFS Municipal Income Trust (NYSE:MFM)
Show:
No equities research coverage for this company has been tracked by MarketBeat.com
Earnings History for MFS Municipal Income Trust (NYSE:MFM)
No earnings announcements for this company have been tracked by MarketBeat.com
Earnings Estimates for MFS Municipal Income Trust (NYSE:MFM)No earnings estimates for this company have been tracked by MarketBeat.com
Current Dividend Information for MFS Municipal Income Trust (NYSE:MFM)| Next Dividend: | 9/29/2017 |
| Annual Dividend: | $0.38 |
| Dividend Yield: | 5.26% |
| Dividend Growth: | -5.00% (3 Year Average) |
| Payout Ratio: | |
Dividend History by Quarter for MFS Municipal Income Trust (NYSE MFM)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 9/5/2017 | monthly | $0.03 | 5.45% | 9/12/2017 | 9/13/2017 | 9/29/2017 |
| 8/2/2017 | monthly | $0.03 | 5.43% | 8/15/2017 | 8/17/2017 | 8/31/2017 |
| 7/5/2017 | monthly | $0.03 | 5.54% | 7/18/2017 | 7/20/2017 | 7/31/2017 |
| 6/2/2017 | monthly | $0.03 | 5.48% | 6/13/2017 | 6/15/2017 | 6/30/2017 |
| 5/2/2017 | monthly | $0.03 | 5.61% | 5/16/2017 | 5/18/2017 | 5/31/2017 |
| 4/4/2017 | monthly | $0.03 | 5.41% | 4/18/2017 | 4/20/2017 | 4/28/2017 |
| 3/2/2017 | monthly | $0.03 | 5.6% | 3/14/2017 | 3/16/2017 | 3/31/2017 |
| 2/2/2017 | monthly | $0.03 | 5.39% | 2/14/2017 | 2/16/2017 | 2/28/2017 |
| 1/4/2017 | monthly | $0.03 | 5.51% | 1/17/2017 | 1/19/2017 | 1/31/2017 |
| 7/2/2015 | monthly | $0.03 | 6.18% | 7/14/2015 | 7/16/2015 | 7/31/2015 |
| 6/2/2015 | monthly | $0.03 | 6.17% | 6/16/2015 | 6/18/2015 | 6/30/2015 |
| 5/4/2015 | monthly | $0.03 | 5.95% | 5/12/2015 | 5/14/2015 | 5/29/2015 |
| 3/3/2015 | monthly | $0.03 | 5.89% | 3/17/2015 | 3/19/2015 | 3/31/2015 |
| 2/3/2015 | monthly | $0.03 | 5.53% | 2/17/2015 | 2/19/2015 | 2/27/2015 |
| 1/5/2015 | monthly | $0.03 | 5.81% | 1/13/2015 | 1/15/2015 | 1/30/2015 |
| 12/2/2014 | monthly | $0.03 | 6.06% | 12/16/2014 | 12/18/2014 | 12/31/2014 |
| 11/4/2014 | monthly | $0.03 | 6.03% | 11/18/2014 | 11/20/2014 | 11/28/2014 |
| 10/2/2014 | monthly | $0.03 | 6.06% | 10/14/2014 | 10/16/2014 | 10/31/2014 |
| 9/3/2014 | monthly | $0.03 | 6.13% | 9/16/2014 | 9/18/2014 | 9/30/2014 |
| 8/4/2014 | monthly | $0.03 | 6.22% | 8/12/2014 | 8/14/2014 | 8/29/2014 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for MFS Municipal Income Trust (NYSE:MFM)Insider Ownership Percentage: 0.75%
Institutional Ownership Percentage: 10.61%
Insider Trades by Quarter for MFS Municipal Income Trust (NYSE:MFM)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 7/23/2014 | Maryanne L Roepke | Director | Buy | 1,862 | $6.49 | $12,084.38 |  |
(Data available from 1/1/2013 forward)
Headline Trends for MFS Municipal Income Trust (NYSE:MFM)
Latest Headlines for MFS Municipal Income Trust (NYSE:MFM)
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MFS Municipal Income Trust (MFM) Chart for Saturday, September, 23, 2017
